REPORT DIGEST

ILLINOIS MATHEMATICS AND SCIENCE ACADEMY

FINANCIAL AUDIT AND COMPLIANCE EXAMINATION
FOR THE YEAR ENDED JUNE 30, 2016

Release Date:  January 19, 2017

FINDINGS THIS AUDIT:  3

CATEGORY:  NEW -- REPEAT -- TOTAL
Category 1:  0 -- 0 -- 0
Category 2:  3 -- 0 -- 3
Category 3:  0 -- 0 -- 0
TOTAL:  3 -- 0 -- 3

FINDINGS LAST AUDIT: 2

Category 1:	Findings that are material
weaknesses in internal control and/or a
qualification on compliance with State
laws and regulations (material
noncompliance).
Category 2:	Findings that are
significant deficiencies in internal
control and noncompliance with State laws
and regulations.
Category 3:	Findings that have no
internal control issues but are in
noncompliance with State laws and
regulations.

State of Illinois, Office of the Auditor
General
FRANK J. MAUTINO, AUDITOR GENERAL

To obtain a copy of the Report contact:
Office of the Auditor General, Iles Park
Plaza, 740 E. Ash Street, Springfield, IL
62703
(217) 782-6046 or TTY (888) 261-2887

This Report Digest and Full Report are
also available on the worldwide web at
www.auditor.illinois.gov

SYNOPSIS

• (16-01) The Academy failed to perform
annual evaluations/appraisal of non-
academic staff personnel.

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

FAILURE TO CONDUCT PERFORMANCE EVALUATIONS

The Academy failed to perform annual
evaluations/appraisals of non-academic
staff personnel.

We noted 34 of 40 (85%) employees selected
for testing did not have an annual
evaluation completed in accordance with
Academy policy.  (Finding 1, page 12).

We recommended the Academy perform
evaluation procedures for non-academic
staff.

Academy personnel stated they understand
the importance of managing faculty and
staff and intends to complete formal
performance evaluations for all staff
before June 30, 2017.

OTHER FINDINGS

The remaining findings are reportedly
being given attention by Academy
officials.  We will review progress toward
implementation of our recommendations in
our next audit.

AUDITOR’S OPINION

The auditors stated the financial
statements of the General Fund, the
Special Purposes Trust Fund, the IMSA
Income Fund, the IMSA Operating Fund, and
IMSA Student Activities Fund as of and for
the year ended June 30, 2016, are fairly
stated in all material respects.

ACCOUNTANT’S OPINION

The accountants conducted a compliance
examination of the Academy for the year
ended June 30, 2016, as required by the
Illinois State Auditing Act.  The
accountants stated the Academy complied,
in all material respects, with the
requirements described in the report.

FRANK J. MAUTINO
Auditor General

FJM:JGR

SPECIAL ASSISTANT AUDITORS

Our Special Assistant Auditors for this
engagement were Washington, Pittman &
McKeever, LLC.